X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Those waiting (and waiting) for stricter oversight of the rating agencies shouldn’t hold their breath. The current plan under review is far weaker than what the Securities and Exchange Commission (SEC) was preparing just last year, and self-policing aspects of the plan have industry critics worried.

The framework, which is still under review but has begun to leak out, spells out policies and procedures for the agencies to follow on a voluntary basis in areas such as systemic rating procedures, conflicts of interest and dissemination of information, according to a regulatory source. Short of outright fraud, it would be up to the agencies themselves to enforce compliance. The SEC is also expected to create a rule that formally defines, for the first time, criteria that must be met to become a nationally recognized statistical rating organization (NRSRO), the designation that determines which credit raters can provide the debt ratings required by law. Today’s list includes Moody’s Investors Service, Standard & Poor’s Corp., Fitch Ratings Ltd. and Dominion Bond Rating Service Ltd.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.